Court Case SVFC vs. Ironridge (Final ruling in SVFC favor)
For those that do not know: here is exactly what happened:
-Ironridge (a criminal operation stationed in Bahamas) bought a loan from TCA. It was for 500,000 owed by SVFC. - Ironridge did not notify SVFC that they bought the loan. -Ironridge posted in the NY times and all over the internet a "Sale of SVFC assets" -Share price dropped. -Outraged SVFC took Ironridge to court. -The court administered an immediate restraining order on Ironridge. -SVFC showed up with the full payment on the first day of court. - Ironridge - seeking to destroy the SVFC share price made bogus claims to keep SVFC in court - meanwhile they shorted SVFC stock and lied and bullied SVFC shareholders. - In court Ironridge is requesting law fees, a facility fee and damages be paid by SVFC - In the preliminary hearing ALL of these items were DENIED by the judge. - None of this has ANYTHING to do with SVFC assets or patents. Nothing. - Ironridge continues to lie, short and bully investors. -SVFC is going after Ironridge for damages. With Ironridge's OBVIOUS criminal activity (even deemed so already by the court) I expect SVFC to receive a nice settlement.